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Lethbridge Herald Newspaper Archives

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Lethbridge Daily Herald (Newspaper) - December 27, 1913, Lethbridge, Alberta PAGE FOUR THE LETHilRlDCK UAlL.li H K K A L il SATURDAY, 27, 1913' LETHBR1DGE DAILY HERALD ESTABLISHED DECEMBER Published by the K.rild Prlnlin) Ce, Ltd., evsnlng at Itj office, Sixth Alberta, Canada. W. A. BUCHANAN -1224 T- Etjitw JOHN TORRANCS PHONE: rg Ctrculitlcn And Jcb ptpirlmtrU 1252 SUBSCRIPTION RATES rear delivered Hft> 1 rear, null 6 delivered moctht, by mill UN 8 months, delivered J inoalbi; by Mill 7Se t month, delivered S5c. 1 month, by null ZSc. but l rntw THE DXilLY HERALD FOR t A LI AT 'Crosj Dtc'i i Eooi Store; J. Q. tnscn Co.; Jackson Co.; Alexandra Hotel; Peo- ple's Dru; Stort; Ktnnv t Olam'nif D'Arc. Mtdlclne Hat Acslnlbolk Hoiel D. Fergusoa. par Co.: Crmubrook BooV Company. Nftwi Coapisy. Plncner ItcCrei; Mitchell Drug Co. Vincouvtr World Co.; News Stop. News Ca 105 River Side Grassy Lalu KoteL -A Co- ben Asency. Book And News Store, 109A Sth West; World Ntwi Co. Plnchtr Etatlcn Htsd. Si. Ken s Co, .KnoV- dea. Xeivs Co. THE WEEKLY HERALD PoWishtfl in e'.rht of'Sifift tnd conUlaa luraciarr ct cl Ue WMk, district 1 Tear in advance.....11.00 G'montbs In adTance to the advantage of Western lo have ;a of news- in (he possession of one individual. Tin; Montreal Slav is lot ;i iiewsuapcr of high ideals. It-is inoix- 6r jfss, servuut-ot he big'corporations. Sir Hugh mingles from'day to day with nen who oppose progressive ideas iu the. control-of the great ovporate interests, and his sympathies are with 'them. As'Mr. Aikin-isays there is growing independence amongst newspapers. This indppcmlence docs not mean the sewing'of with a political pavly; si merely iutlicatc-s thai the icwspajici-s aix> thiiiking for themselves and are fioiug to lead inhlic opinion, and not ixf led hy political parlies. Independence withni n piirly press'is the best thing that can'happen parly. Oftentimes, may -vvc say ac'.vspaiwi's closer, lo )ublic sculiinrht tlian pearly leaders. H pays the party'leaders o heed Hit' voice of a party press thai is iiulcpcmknl enough to speak its mind, rather than to be atlviscd by a parly press which s partisan first and always upholds ulf.lhiii the party tloos. BAXISH THE.BAR IN SASKATCHEWAN. OUR POINT OF VIEW Thai who cried fire nl Calumet should he givon t.he severest Michigan life term.... The Dominion govennntnl is sending an fllildfil wmicd Slipper lo investigate the Calgary gits lield. He' is likely to lind ;omc slippery companies operating. Mayor-elect McXnmnni entertained the Edmonlon newsboys on Christmas buy at a big fcasl. Tlie in thi city must be iipprouclung the voting age. FUN lUlEOFSil Dr. Michael Clark found Ihc wcalhcr cold'wlicii lie wcnl'to Onlatio the other day. It is a cold place anyway, suinniiT or winter, for the low larilT advocates. An indiislrial Lelhbridgc conic with. '.Ihe development of the resources which -lie at our door. of our 19M industrial creed.' Let us make that parl ,THr? ADVOCATES of "Banish Ilie Bar" in Saskatchewan seem to lack failh in the people of Saskatchewan. Premier Scott was asVed ib" submit a "Danish the Bar" measure to the electors of the province; and he consented. One of the provisions by the government was; that at Icnsi fifty thousand voles should cast upon the plebiscite. That seeiiis fair since there are aboul two hundred thousand voters in the province. A measure; o: this kind must have the views of a large number of people ex- pressed upon it in order lo establish that there is a strong scnli mcnl existing. On a fifty thousand vote the temperance peoplvliicli would he im- have it n-ifh'-rural school disiricls whereby they Have tied the district up to card and -last bargain to sell their S''perc'eb.t. debentures'at less than par 'and giving the purchaser', three mb'nlhr to'pay Tor them. This, .-ot 'a state ohaEairs-. which cannol b'e permitted to txmliuue. We decided to inafce the 'department a-sort oi clearing house for. the- sale oi debentures.. -pro- postvtp-advise the to issue'.their.debentures.with the cou- pons the first'of pecem rualter. time of the year trie- may..he'issued. .This arrangement, will hate the coupons falling .due at, a. time when the will ar.d the districtiiyil _ r, j. to meet its indebtednes lo. he SO favored. Respectfully, Frank H..Dobbin... ptorap.iy. vfe are requesting Bchoo n'deserves'election. He is honest; he talks thai way districts to forward their do. be But 'I ;can' assure the ratepayers llial try a e as useful, Kelpfuj and diligent in. their and your ser-. ice as I can be. That covers it. 'I shall be- very, glad io receive vole, "and hope That man at any rale. to .us and we are carrying on th negotiations for the sale direct wit the. investor. We are at present i louch Tjifh.a targe number.. of peopl whp.haTt been in .the habit ol pur chasing' this class ot security Scorn "BANK OF COMMERCE REPOttT In cqmViion.wiih.the majority of. Banks reporting for 1912 (he Canadian.Banl; of; Commerce has issued Ihe bcsl report in its history. The report shows llml net profits for tlic year dep'a'rimcnl.' we are creased in 1912 lo 1913 which.witirpomnieucing to erect" the sale on he- Ihe balnnce brought-forwnrd from'profit and loss amounting to, 1 ''MC fWl St3-7filfinfl nvnilnhlr fnr ilislfilllitinh. Tins'hris -_.- '4u. l_ .possible under Ihc syndicate.idea ;of. central Jfr. over his signniure. is-dcprived of Ihc .righl lo make his own mistakes is not in the position of making jhinisclf qr his paper a ;'Wc musl-Iic free or is as' jlnie of Ihc press as of thai typical Hngiisbmiin'of whom Milloii iwroft. And as soon as a newspaper comes udder, external con- it begins lo die'. No newspaper'or cdilor.sbo'uld seek lo live laparl; that would be a contradiclion.-" Any kind of "normal life a mairitcnancc of righf rclalions between internal and icxtcrrial. And an ediiur and his newspaper is no exception lo MUiis.universal law. Indeed, he is inosi siibjccl lo of i nalure of Ihe institution 'with which JIB is associated. cannol ignore or forgcl-ecoiinmic consictcralions, -.but they must not be allowed to control or dictate. direct tendency of Ihe press of Canada-is in '-llie direction of independence. noLol isolalion, hnl inlo n con- i.. edition of strcnglh and indiviihiaflly. Komclinies, as in the case i of l.he Phoenix, it is an individual properly, but usually the ncws- j .jpaper is itself a joint stock coniptmy guided by.one man and iljving a strong life of its own. That is Ihe cast in Grcal Britain, rtp'La extent in the United States, and tnnving in that dircc- I in Canada. Our country needs a virile, vigilant, strong j fo dictate but to enlighten, to moderate and guide. likely lo gel il by-nininfuining Hie economic j 1 independence as vycll rts :by preser.-ing Die inteilecf- r; Ual and mornl.integrity, (wo latter are with the forjnor.'1 Mr, Ai'kinvycrj''well says il would not be makes available for distribution. This'liils been apportioned as follows: Dividend dish.urscmcnls al the regular rate of with two bonuses of 1% each absorb i Bank premises.accoAnl took Officers' pension fund, while was Iraiis- ferred lo the RcsrAccpuril leaving a balance lo carricll forr ward.of .K. C, Nol only-were Ihc shareholders well taken care of during iy'willbe specially intcrcsfctl in seeing.thai -the 3dnk has a very large proportion of ils assets in a quickly'avail- able form. Dominion Nolcs aiul Bullion held by the Bank, amounts to an increase of over the pre- for their securities than ttcy hare vious year's holdings. Other (juickly available assels in the form the of notes and cheques'on plhcr Ranks, call lonns.nnd Government of Mr. Algcr, foimerlr man- the Canadian Hank of Com- merce at Ifardjsty to take charge of .his .work and we feel confident tliat est. In'having the all la diie at'the same time of the yea with respect to rural districts lo group the debentures c different districts nnd sell them to-people ivlio wish to inv more, money lhati the price ol on r'ufaV debenture. Mr.' Reid, Alherla's agent In 1.0' dpnf'ls making an effort lo put us toUclt "with investors there -wl would be prepared to bid on some larger issues and we hope to he able to'put our town school boards In touch with investors.whereby they will -.he able lo' obtain a belter -price OF COMMERCE Stittntat of the result of the business o( mi BiUice at credit of rrofil ar.d Loss '-r t Aceouut, bioucht foi ward from last S J7I.57S H Net Prcfits for tlie year endiujr November, after 'providing for all Joubiriil JiklS 10 S J.764.529 93 This Ins been as 'DhidrnJs N'os. 104, 105, 106 and 107, at leu per cent, per annum S i, 00 Bonus of onft per p-iyablo Isl June .Bonus of one per cent, payable 1st December Written off Bank Promises Transferred to Pension Fund (ui- nual contribution) -Transferred to Kest Account carried forward S 93 CO JSO.POO 00 00 93 GENERAL STATEMENT LIABILITIES Nolej of the Bink in .13 Deposits not Ixariilc SI est. iiicludiiie inter-' tit accrviHl 14 BiUncesdiictoolhcrBaAsinCanadi .'Btlances due (o Banks and.BanWnjf -Cotrcspcr.dents elsewhere Iban in 73 "Bills Acctplancea under Lellgri cf Credit 19 Dividends unpaid..'.......'.----.... Dividend No. 107 and bonuf payable 1 lit RjJti............... Kalance of Profit and 'L'oss Account car- "ried fojwjrd....... SS4.529 98 93 S 57 AS5ETS Current Coin and Bui- Dommlon Notes...... 50 16" Balancesduc by Banks ar.d Banking Ccrres- L ponrftnts elsewliere thin in.Canada.... 83 Balances dee by other Sinks in Canada... 'Notes of other BanliS. .Chequ'esonothefBar.ks 14 44 -.Call and Short Loans in C-nada on Bonds, Debentures And Stocks...-. 'Call and Short Loans els cohere than in DorniQion and ProvincialGovemmetit -'Securities................-...... .1 -BrilUbrVorelgn and Colonial .PuUlc -Securities and Canailian Municipal i Railway Rod other Honds, Dcbcn- .'lures arid Dieposifwlh Ihe Minister for the purposes of Ihe Circulation 00 I i" Olh'er. Current I.oani and Discounts rcbite of 82 Current Lewis and elsewhere, than in Canada (less re- --bate of 'Overdue Debl5 (estimated loss pro- "Real 'Hstate (including the unsold 'balance of former premises of the Eas'tern Toimsbips '.Mortgages on Real Estate sold by 1 Other Liabilities of custor.icrs ur.dcr Let- ,'terJ of Credit, as per contra....... B. F...WALKER Z. A. LASlf 08 06 pattnient. liavc adopted llic pol- icy "that Vvticrcvct a sdiool ilislrict tlic ownct. will.'ol course, in ev- ery case sec tliat ihe'disUict lakes and Municipal' Securities bring the total up to t over of 'the' Bank's total liabilities to The tot total assets of lite Bank now stand itt as the "previous year. Deposits show- a slisfit._Fall- ing off, but (his is accounted for by'tlis fact tlial tlicre were ex- traordinary demand's 'for funds throughout the ycnr. r The both, (it home and abroad, will find satisfaction in a of the report as il indicates that 'Hie business -'rc- IrcTicbment proclaiined in money ipiartcrs us prevailing iii Can- :ula has not existed to u'ny material extent. .The report; of the Bank of Commerce shows no cvWcnce of a period of financial stringency, tlie cxtcHcnf.crop in the wcsl uiidoiiblcdly beihg a favorable factor in relieving the situation ;in so far' sis. Canada WHS concerned. if'lkis plan he will be able io save lajgc sum ol.money annually to dislricls ot Ibis province that arc obliged to borrow money lor juTIding.purposes. II will tc a.part ol Mr. Alget's duty to decide on the amount ol debentures to he nulhor- zcd district. -Under our act the department has Ihe right to say what, the maximum amount shall he that any dhlrlct shall IB permitted to borrow. J find tfiat one of Ihc prevents the small: school -debenture being us aUvacllve to Ihc investor as It might Cold Weather Comforts at Store Now ii the tine for comforts as CAPS AND HOCKEY TOQUfS Vi'c a grand nelecllon of" these fti all V colors as -well as' the 'jilatn and shades at pf Jets- rSftBJ'JK from 50 cents up, T ,v; Our UKed Gloves are also widest range and by the tMat makers at prices to nisei all purses. For coirf weather you cant.ot beat, JAS. S. ROSE PHONE 18U (The Particular COS 3rd turc coupon iii .the payment ot its the coupon, promptly or will au. ipon we appoint 'our school point our iiispcclor otTicial trustee. inspector (or .the.riisUlct official trus tee .with.instructions lo take prompt and energetic inrasuics collect the money ant tafce 1h5 totaling coii- will liimsclf sec that the coupon' is promptly paid.'- 1'bc'llcrc lhat- in tliis was' department', teeping a careful check on the jummnl ot in- poh immciiiatclv. -As a nilc tie each district is jer- sneclor has in'nttanging milled lo incut, hy seeing to it that with the local' bank lo advance sm-leach clislricl is to meet its io'take up the coupon Mill ho is able lo collect in i he tax- es. '._ We h'ave notified the head office ol every Iwnlc in Canada asking them o circularize- their branches with the ciucst that whenever any debenture oupons .are presented at Ihcir bank md r.ol paid by the district that ihe ocal bank notify Ike .department at betore rctiirniug Ihc coupon to is 'the fact boards in the that ral some school districts are careless abo'il. taking up their deben- ture coupon prompily u-hen due. It sometimes bajipens that 3 board tlectcd'with very little idea ol busi- ness and they seftn to Itirntc'rhal 'a fciy rnonths' delay in pa) ing a deben- ture, coupon is.ql no Import- ance, 'The debenture holder forwards hjs .coupon to the local bank (or pay- ment; It Is relurncd for want of funds, and lie is unable to 'get a re- ply" from the iecrelary ol Ihe dis- trict.; The deparltneat-as a rule does iiot'near about these cases a few 'months have elapsed, '-when Inc. 'debenture -holder, despairing ol get- ting his mtmcy out of the district registers his complaint vath tliC'de payments on account of debentures promptly and-by -'undertaking our- selves 16 get these securities' direct io the investor, will be nhlp to pro- cure for (fie ilislrjcis'miKfi Jilghcr prices than they arc now receiving. Over a million'iiml a bait lellcrs received from Iho ;old and handled at the Montreal uost- ollico during Saturday and Sunday. LOCAL TRAIN SCHEDULE NA.MB 513 Crow's %st Express ill Crow'i "Scat Exprees 12 Sco-Spokano I'lycr I! Soo-Spokanc Flyer 314 SLocal Sll 567 NO. 513 5t< Effective Oct. 26, 1913. AKRIVAUS FilOM DUB TO ......Knotcnny Landing ......Mcdicicc Hat ..V........... ,1 St. I'nnl Cranbrook Local NAME Cron'c tifti Ki. Crow'a rrest o.os J.15 ..15.45 13.15 10.2i ..13.05 11 512 all' Local 36 4 Ixical 56S ....Coirtts ..........CardBtun ..........Calgary (Alilcrsydc branch) e'OR DUB TO Medleir.a ..........Koutenay ..........SI. I'niil...................... 6.1) .........'.St.okano 6.2! ..........Mtdicino Hat ..........Cranbrook .....................15.fI 3.31 ..........Cordslon 17.4! ........-..'lalsAry (via Aldehyde) ;